Solana ($SOL ) is showing early signs of a potential bullish reversal after defending a critical support zone around $120, which has proven to be a strong demand area multiple times in recent price action. $120 – A Strong and Proven Support The $120 level has acted as a major support for SOL, repeatedly absorbing selling pressure and preventing further downside. Each dip into this zone has been met with strong buying interest, indicating that large participants are actively defending this level. As long as price continues to hold above $120, the downside risk remains limited.
Trendline Break and Momentum Shift After trading inside a descending channel for several weeks, SOL has recently shown signs of breaking above the local downtrend structure. This shift suggests that bearish momentum is weakening and buyers are starting to regain control. Short-term structure has already turned bullish with higher lows forming above the support base.
Key Resistance and Upside Potential SOL previously faced strong rejection around the $130–132 resistance zone. If the market sentiment improves and Bitcoin manages to hold its key support levels, SOL could gain enough momentum to decisively break above this resistance.
A confirmed breakout andeclaim above this level would open the door for a continuation move toward the $138–140 range, which aligns with previous supply zones and liquidity targets.
Bitcoin’s Role in the Move As always, Bitcoin remains the primary driver of overall market direction. If BTC maintains stability and avoids a major breakdown, altcoins like SOL are likely to outperform. In such a scenario, SOL could see accelerated bullish momentum as capital rotates back into high-beta assets.
Conclusion As long as $120 support holds, the bullish case for Solana remains valid. A successful breakout above prior resistance could mark the beginning of a stronger recovery phase, with $138–140 acting as the next major upside target. Traders should continue to monitor Bitcoin’s price action and volume confirmation on SOL for further validation. #solana #SOL #BTC
The big market usually starts when it questions and torments people. All the brothers are looking forward to the big bull that will kick off in December. Just do it #加密市场观察 #美联储重启降息步伐
AT/USDT 24-hour news highlights: The wave of decentralized AI computing power rises again In the cautious atmosphere of the cryptocurrency market, the Aethir (AT)/USDT trading pair has slightly declined against the trend, with prices hovering between $0.0132 and $0.0143 in the past 24 hours, a drop of 3.34%, but trading volume has rebounded to $15.86 million, up 15% from the previous day, reflecting investors' long-term optimism about AI infrastructure. The core focus is on the expansion of Aethir's Checker Node network—this decentralized GPU cloud platform has announced the addition of 5,000 verification nodes, supporting a 30% increase in AI model training loads, integrated with NVIDIA's latest H200 chip, further lowering the threshold for DePIN (Decentralized Physical Infrastructure Network). Community feedback is enthusiastic, with one developer deploying AI rendering tasks on the testnet, taking only 4 hours, far surpassing traditional cloud services, highlighting Aethir's competitiveness in the gaming and metaverse sectors. Despite being dragged down by Bitcoin's short-term correction, AT's market capitalization holds at $206 million, ranking 160th. The Aethir ecosystem fund, led by Binance Labs, injected $20 million for the layout of data centers in Southeast Asia, aiming to compete against Render and Akash. Recently, Aethir also partnered with the Solana Foundation to launch the "AI Earn" initiative: users staking AT can earn a 5% annual yield, covering a reward pool of 10 million USDT. Analysts predict that as AI demand surges, AT/USDT may retest the resistance level of $0.018. Aethir is not just about computing power rental; it is also the democratization engine of Web3 AI, driving the shift from edge computing to global collaboration. $AT {future}(ATUSDT)
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The fluctuations in ETH are dazzling! After hitting 2900 last week, it rebounded in a V-shape to 3150, and now it's hovering around 3050 again, a typical build-up before the Federal Reserve's decision.
The big players have already taken action, with the long-short ratio quickly reaching 2.9, and 100 million in short positions liquidated in 24 hours, clearly betting on the favorable news of the ETF and Fusaka upgrade. The 3000 level is a critical line; if it holds, there’s a high probability it will reach 3200, but if it breaks, we need to watch for support at 2900.
Personally, I think there’s no need to panic. Layer 2 fees have decreased, and staking volume is steadily increasing; the fundamentals are in place. Don’t chase highs in the short term; wait for the decision to be finalized or for a breakthrough at key levels before taking action, and it’s always safe to use light positions with stop-losses~ $LUNA $LUNC $币安人生 #比特币VS代币化黄金 #ETFvsBTC
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